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Definition of Timecard
A document or electronic record on which an employee records his or
The period of time for which financial statements are produced – see also financial year.
Cumulative gains or losses reported in shareholders'
The annual rate of return that when compounded t times, would have
The time between each payment under an annuity.
The average useful life of a company's collective amortizable asset base.
Average number of days necessary to receive cash for the sale of
The ratio of accounts receivables to sales, or the total
A signalling device.
Selecting specific assets for sale so as to record desired gains or losses.
Value of outstanding common shares at par, plus accumulated retained
The length of the time period (for example, a quarter in the case of quarterly
the time between each interest computation
A federal Act requiring federal contractors to pay overtime for hours worked exceeding 40 per week.
The length of time for which the customer is granted credit.
Critical Growth Periods
Times in a company's history when growth is essential and without which survival of the business might be in jeopardy.
Date of record
Date on which holders of record in a firm's stock ledger are designated as the recipients of
The period during which a customer can deduct the discount from the net amount of the bill
Discounted payback period rule
An investment decision rule in which the cash flows are discounted at an
Documented discount notes
Commercial paper backed by normal bank lines plus a letter of credit from a
e-commerce (electronic commerce)
any business activity that uses the Internet and World Wide Web to engage in financial transactions
when the incremental revenue from the sale of reworked defective units is greater than
EFT (electronic funds transfer)
Funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of EFT.
An agreement permitting a bank customer to borrow either domestic dollars from the
In the interbank Eurodollar deposit market, an either-way market is one in which the bid
Electronic data interchange (EDI)
The exchange of information electronically, directly from one firm's
electronic data interchange (EDI)
the computer-to-computer transfer of information in virtual real time using standardized formats developed by the American National Standards Institute
Electronic depository transfers
The transfer of funds between bank accounts through the Automated
Electronic Federal Tax Payment Systems (EFTPS)
An electronic funds transfer system used by businesses to remit taxes to the government.
A person who renders services to another entity in exchange for compensation.
Employee Retirement Income Security Act of 1974 (ERISA)
A federal Act that sets minimum operational and funding standards for employee benefit
Employee stock fund
A firm-sponsored program that enables employees to purchase shares of the firm's
Employee stock ownership plan (ESOP)
A company contributes to a trust fund that buys stock on behalf of
Employee Stock Ownership Plan (ESOP)
a profit-sharing compensation program in which investments are made in
Employee Stock Ownership Plan (ESOP)
A fund containing company stock and owned by employees, paid for by ongoing contributions by the employer.
employee time sheet
a source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time
The time interval over which a money manager's performance is evaluated.
Extended Amortization Period
An amortization period that continues beyond a long-lived asset's economic useful life.
Extended Amortization Periods
Amortizing capitalized expenditures over estimated useful lives that are unduly optimistic.
A theory that nominal interest rates in two or more countries should be equal to the required real
the rate of return that equates the present values
Fisher's separation theorem
The firm's choice of investments is separate from its owner's attitudes towards
Full Credit Period
The period of trade credit given by a supplier to its customer.
A specific period of time after a premium payment is due during which the policy owner may make a payment, and during which, the protection of the policy continues. The grace period usually ends in 30 days.
Length of time during which repayments of loan principal are excused. Usually occurs at the start of the loan period.
The risk of loss in foreign exchange trading that one party will deliver foreign exchange but the counterparty financial institution will fail to deliver its end of the contract. It is also referred to as settlement risk.
a cost incurred in the past; the recorded purchase
The original cost required to perform a service or purchase an asset.
Historical exchange rate
An accounting term that refers to the exchange rate in effect when an asset or
The date on which holders of record in a firm's stock ledger are designated as the
Length of time that an individual holds a security.
Holding period return
The rate of return over a given period.
International Fisher effect
States that the interest rate differential between two countries should be an
international Fisher effect
Theory that real interest rates in all countries should be equal, with differences in nominal rates reflecting differences in expected inflation.
job cost record
see job order cost sheet
an employee who is directly responsible for
A portfolio strategy in which a portfolio is created that will be capable of
The period of time between the end of the discount period and the date payment is due.
In the Euromarket, a period over which Eurodollars are sold is said to be neutral if it does not
Odd first or last period
Fixed-income securities may be purchased on dates
operations flow document
a document listing all operations
A cluster of accounts that are listed after fixed assets on the balance sheet,
In the balance of payments, other capital is a residual category that groups all the capital
Other current assets
Value of non-cash assets, including prepaid expenses and accounts receivable, due
Other long term liabilities
Value of leases, future employee benefits, deferred taxes and other obligations
Amount of funds generated during the period from operations by sources other than
Other-than-Temporary Decline in Market Value
The standard used to describe a decline in market value that is not expected to recover. The use of the other-than-temporary description as
The number of years necessary for the net cash flows of an
the time it takes an investor to recoup an
Time until cash flows recover the initial investment of the project.
The period of service for which a company compensates its employees.
The amount paid to employees for services rendered; synonymous with salary expense and wage expense.
A journal used to record the payroll of a company.
A report on which is summarized the wage and deduction information
This calculation is used by states to determine the unemployment
Payroll tax expense
The amount of tax associated with salaries that an employer pays to governments (federal, state, and local).
Payroll taxes payable
The amount of payroll taxes owed to the various governments at the end of a period.
cost other than one associated with making or acquiring inventory
The costs that relate to a period of time.
a pay plan based on the time spent on the task rather than the work accomplished
A physical inventory count taken on a repetitive basis.
Periodic inventory system
An inventory system in which the balance in the Inventory account is adjusted for the units sold only at the end of the period.
PPF (periodic perpetuity factor)
a generalization formula invented by Abrams that is the present value of regular but noncontiguous cash flows that have constant growth to perpetuity.
Preauthorized electronic debits (PADs)
Debits to its bank account in advance by the payer. The payer's
Realizable Revenue A revenue transaction where assets received in exchange for goods and
services are readily convertible into known amounts of cash or claims to cash.
The variance between book and on-hand quantities, expressed
1) Date by which a shareholder must officially own shares in order to be entitled to a dividend.
The date used to decide which shareholders will receive the dividend. The owners of the shares at the end of this day are entitled to the dividend.
A preliminary prospectus containing information required by the SEC. It excludes the offering
The time period for which transactions are compiled into a set of financial statements.
see operations flow document
Savings Incentive Match Plan for Employees (SIMPLE)
An IRA set up by an employer with no other retirement plan and employing fewer than 100 employees,
The document that records a transaction and forms the basis for recording in a business’s
an employee responsible for providing advice,
The return of a portfolio over a shorter period of time than the evaluation period.
T-period holding-period return
The percentage return over the T-year period an investment lasts.
Time during which the SEC studies a firm's registration statement. during this time the firm
Waiting Period (Credit Insurance)
A specific time that must pass following the onset of a covered disability before any benefits will be paid under a creditor disability policy. (Also known as an elimination period).
A report listing every product whose bill of material calls for
Realignment period of a temporary misaligned yield relationship that sometimes occurs in
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